Sales for the quarter ended June 30 were $138.8 million, down 5.3% from a year earlier and below its prior forecast of sales between $142 million and $147 million. The company attributed the shortfall primarily to the decrease in same-store sales, lower sales from its licensed relationship and declining sales related to its continued efforts to close underperforming stores.

Same-store sales were down 2.4%, well below the company's forecast of flat to an increase of up to 4%. Adjusting for a calendar shift which helped March sales, comparable sales decreased about 1.4% according to the company.

Destination Maternity has struggled with soft sales of late, although restructuring and cost-reduction efforts have contributed to earnings growth in recent quarters.

Shares closed Monday at $21.82 and were inactive premarket. The stock is up 31% since the start of the year.

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